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Saskatchewan Petroleum Innovation Incentive (SPII)

Supports oil and gas innovation projects

Offered by
Government of Saskatchewan
Official source: saskatchewan.ca

Record updated

Funding available
$ 5,000,000
Up to 25% of project cost
Deadline
March 31, 2029
Location
Saskatchewan, Canada
Who can apply
Companies in Saskatchewan’s oil and gas sector
See full eligibility

Overview

Supports oil and gas innovation projects through transferable royalty and production tax credits. The program covers pilot and commercial scaling projects focused on recovery, environmental performance, processing capacity, and byproduct commercialization.

At a glance

Funding available

Maximum funding
$5,000,000
Maximum share of project costs
25%
Financing goals
  • Develop strategic partnerships
  • Increase production or service capacity
  • Implement environmental initiatives
  • Develop a new product or service
  • Increase operational productivity
  • Conduct research and development activities
  • Optimize production processes
  • Reduce environmental footprint
  • Renovate or expand facilities

Eligible candidates

Location
  • Saskatchewan
Eligible Industries
All industries
Annual revenue
All revenue ranges
Organisation size
All organization sizes
Audience
  • Startups
Legal structures
For-profit business

Start applying for this program

Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.

Availability timeline

2026
Periods: 1

Eligibility

Who is eligible?

  • Companies in Saskatchewan’s oil and gas sector
  • Corporate entities that own or are licensed for the innovation
  • Commercial companies, including joint projects

Who is not eligible

  • Government bodies and Crown agencies
  • Not-for-profit corporations
  • Projects that are operational before application

Eligible expenses

  • Land, real property, and depreciable assets used for the project
  • Professional services, engineering, and design costs
  • Construction, installation, transportation, and site preparation costs
  • Specialized software, intellectual property licensing, and capitalized interest
  • Selected operating costs for up to 24 months, if agreed

Ineligible Costs and Activities

  • Administration and overhead
  • Feasibility studies, travel, marketing, and advertising
  • Taxes such as GST, PST, and HST
  • Spare equipment, fines, penalties, and non-arm’s-length transactions
  • Costs already claimed under another SPII submission

Eligible geographic areas

  • Saskatchewan

Activities funded

  • Improving oil and gas recovery
  • Managing adverse environmental impacts
  • Increasing value-added processing capacity
  • Commercializing oil and gas byproducts or waste

How to apply

  • Step 1: Download the application form
    • Download the SPII Application Form from the program website.
    • Review the program documents before applying.
  • Step 2: Submit the application by email
    • Complete the form and attach supporting documents.
    • Email the application to spii@gov.sk.ca.
  • Step 3: Await review and conditional approval
    • The Ministry confirms receipt and reviews eligibility.
    • If approved, a Letter of Conditional Approval is sent by email.
  • Step 4: Sign the agreement and claim credits
    • Enter into a formal agreement with the Ministry.
    • Submit the Royalty Credit Application and Eligible Cost Submission Form through IRIS.
    • Receive the Certificate of Approval and use or transfer the credits.

Documents Needed

  • Completed SPII Application Form
  • Certificate of Incorporation
  • Technology Supplier Letter
  • Royalty Credit Application and Eligible Cost Submission Form
  • Assurance Report and detailed cost breakdown

Selection criteria

  • Project novelty in Saskatchewan’s oil and gas sector
  • Technical readiness and demonstration stage
  • Fit with an eligible activity
  • Commercial scaling potential or technical validation value

Processing and Agreement

  • The Ministry reviews the application and confirms whether it meets the program rules.
  • Successful applicants receive a Letter of Conditional Approval.
  • A formal agreement is then signed with the Ministry.
  • After eligible costs are reviewed, the Ministry issues a Certificate of Approval or a refusal notice.
  • Approved credits are applied in IRIS or may be transferred after approval.

Additional information

  • Applications are accepted until March 31, 2029.
  • SPII can be used alongside other provincial incentive programs.
  • Eligible costs must be supported by third-party verification.
  • A final technical report is required after project completion.

Contacts

spii@gov.sk.ca
(306) 787-2604

Official sources

Saskatchewan Petroleum Innovation Incentive (SPII)

Program guide

Saskatchewan Petroleum Innovation Incentive (2024)Saskatchewan Petroleum Innovation Incentive (SPII) (2024)Saskatchewan Petroleum Innovation Incentive Program (2024)

Application form

Saskatchewan Petroleum Innovation IncentiveSaskatchewan Petroleum Innovation Incentive (SPII) Application Form

Supporting document

Transferable Royalty Credits
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Frequently Asked Questions about the Saskatchewan Petroleum Innovation Incentive (SPII) Program

What is the Saskatchewan Petroleum Innovation Incentive (SPII)?

Supports oil and gas innovation projects through transferable royalty and production tax credits. The program covers pilot and commercial scaling projects focused on recovery, environmental performance, processing capacity, and byproduct commercialization.

How much funding can be received?

Saskatchewan Petroleum Innovation Incentive (SPII) Funds up to 25% of admissible expenses, capped at $5,000,000 per project.

What is the deadline to apply?

The application deadline for this grant program is March 31, 2029. Applicants must submit their complete application before this date to be considered for funding.

Who is eligible for the Saskatchewan Petroleum Innovation Incentive (SPII) program?

To be eligible for the Saskatchewan Petroleum Innovation Incentive (SPII) program, you must: TRL 7 or higher Eligible oil and gas activity At least CAD$1 million in eligible costs

What expenses are eligible under Saskatchewan Petroleum Innovation Incentive (SPII)?

Land, real property, and depreciable assets used for the project Professional services, engineering, and design costs Construction, installation, transportation, and site preparation costs Specialized software, intellectual property licensing, and capitalized interest Selected operating costs for up to 24 months, if agreed

Who can I contact for more information about the Saskatchewan Petroleum Innovation Incentive (SPII)?

You can contact Government of Saskatchewan by email at spii@gov.sk.ca or by phone at (306) 787-2604.

Where is the Saskatchewan Petroleum Innovation Incentive (SPII) available?

The Saskatchewan Petroleum Innovation Incentive (SPII) program is available the province of Saskatchewan.